The copy must include:

*The address specified in the ID does not need to be the same as the address specified upon registration

POR – Verification of Client’s Residence

The purpose of residence verification is to obtain the address where the client actually resides. It does not have to necessarily coincide with the address of the permanent residence. For example, an electricity bill may be suitable since it may be reasonably assumed that this is the address where the client actually resides.

Official letter (police, embassy, city office, tax document, electoral certificate, document from the social insurance company)

The copy must include:

Full name

Address

Date

THE FOLLOWING DOCUMENTS SHALL NOT BE ACCEPTED:

Insurance (Aegon, Dôvera, vehicle insurance, etc.)

Mobile phone invoice

Handwritten documents

Other documents

If a client lives with a family and cannot send a residence document on his or her behalf, we will ask the client to send the following documents from a family member (mother, father, wife, husband).

POI – VERIFICATION OF IDENTITY

POR – VERIFICATION OF RESIDENCE

In the case of a mother/father, we need a client’s birth certificate

In the case of a wife/husband, we need a marriage certificate

If the client did not use his/her card/account for the transfer, but used the money from his/her mother’s/father’s/wife’s/husband’s account, we ask the client to send the following documents from a family member:

POI – VERIFICATION OF IDENTITY

POR – VERIFICATION OF RESIDENCE

In the case of a mother/father, we need a client’s birth certificate

In the case of a wife/husband, we need a marriage certificate

Bank Account Statement of the respective family member

Company account

If the client is interested in establishing an account for his business, company or other type of business entity, documents that show the following facts (one document can prove more facts at a time) must be submitted:

Company’s registration number

Registered company name and business name (if different from a registered name)

The registered office of the company and the place of performance of the business, if different from the registered office of the company

Members of the board of directors, executive managers or other individuals authorized to act on behalf of the company

The company’s decision on the designation of a representative who is authorized to access the account

The company’s decision to open an account

The list of the ultimate owners of the company, excluding publicly traded companies, which are located on a European regulated market or a third market with equivalent disclosure and transparency rights

A list of registered owners who act as nominees of the company

It is necessary to deliver original copies or certified copies of all documents that demonstrate the required facts.

RECOGNIZED DOCUMENTS:

Certificate of incorporation

Memorandum (and Articles) of Association

The form of the company’s decision on the designation of a representative who is authorized to access the account (Annex 1)

The form of the company’s decision to open an account (Annex 2)

If the registered owner acts as the nominee of the final owners, the following is required:

Copy Automatic Systems or Professionals

Risk Warning and Legal Information: All Clients and prospective Clients should read carefully the following Risk Warning and Legal Information.

A change in laws and regulations may materially impact a Financial Instrument and investments in a sector or market. A change in laws or regulations made by a government or a regulatory body or a decision reached by a judicial body can increase business operational costs, lessen investment attractiveness, change the competitive landscape and as such alter the profit possibilities of an investment. This risk is unpredictable and may vary from market to market.

One of the most common way to research CFD and Forex positions is through analysis, that relies on interpreting data from past market performance to establish some kind of prediction towards future pricing. However, it should be noted that past performance of CFDs is not an indication nor guarantee of future performance. It means that traders might use the data from past performance to speculate on the market, but they should not rely on it. When referring to past performance, an investment firm must disclose the sources, currency, commission paid and a warning that the figures are merely historic. As with all financial trading instruments, there are risks a client must consider before trading CFDs.

Leverage Risk: The high degree of leverage associated with these types of investments means that the degree of risk compared to other financial products is higher. Trading with leverage may work against you resulting in substantial loss as well as for you resulting in substantial gain. Even when market conditions are relatively calm, leverage can create large gains or losses very quickly. This may cause your broker to take action to avoid a negative account balance. In either case, the Company may close any or all open positions in the account to remedy the situation.

Leverage is the ratio between the transaction size and the margin requirement/initial margin that is required to open a position. Trading using leverage means you can magnify the returns on your investment but it is important to remember that losses will be magnified as well and it is possible to lose all your initial deposit.

For example: If the client deposited USD 1000 and assuming his/her leverage level is 1:50 than the highest amount that the client can trade with is USD 50.000. 1:50 ratio means that in order to open a position, the initial margin is fifty (50) times less than the transactions size.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Ninety-one percent of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Trading leveraged products such as CFDs and FΧ involves substantial risk of loss and may not be suitable for all investors. Trading such products is risky and you may lose all of your invested capital.

The Investor Compensation Fund (the "ICF") was established under the Investment Firms (IF) Law 2002 as amended (the "Law") and the Establishment and Operation of an Investor Compensation Fund for customers of CIFs Regulations of 2004 (the "Regulations") which were issued under the Law. The main objective of the ICF is to secure the claims of clients in situations where the CIF is unable to fulfil its obligations. Retail traders can request compensation from the ICF, but they must keep in mind that maximum amount they can receive is €20,000.

TopForex is a registered brand name of Goldenburg Group Limited, a Cyprus Investment Firm (CIF) supervised and regulated by the Cyprus Securities and Exchange Commission (CySEC) with CIF Licence No 242/14 with a registered address at 1 Siafi, Porto Bello Building, 3rd Floor, flat/office 303, 3042 Limassol, Cyprus.

CySEC licence entails provision of investment and ancillary services in relation to financial instruments. You can find details about CySEC license
here. More detailed information about international notification, investment activities, investment services, ancillary services and financial instruments can be found here.